PayPal 1099k

Deez_Brickz · 2014-10-13T18:51:37.000Z

Hello - I need some help from folks that are experienced with receiving the 1099k from Paypal. This will be my first year that I receive one. I have been able to keep track of my income/expenses before through the applications on eBay (they tell you selling income, selling fee, shipping charge). My concern with the 1099k is that I have heard different things about what PayPal counts as gross income/payments received. When I look at my Financial Statement online from Paypal it lists many different categories. Does anyone have experience with which of those categories are used to generate the income number that is reported on the 1099k? Specifically, I am looking at "Transfers to PayPal" account and "Other" . Do those get included as income reported? I think that some of the money in the transfers category includes things that I bought with bill me later/paypal credit and took advantage of financing offers. So it is really money that I spent but it shows up as a transfer in! I am assuming that the following line items are included in the gross income reported number: Payments received, Refunded fees*, Dispute reimbursements, Refunds received. Does anyone know for certain what categories are included? I dont even know how they got the "other" $$$ number, and it is large enough that I don't what to just write it off as "other" thanks!